The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Philipp HS¯ler - Pareto Securities, Research Division - Analyst
: Philipp HS¯ler from Pareto.
I have a couple of questions, please. Firstly, the financial result was negative with this EUR 0.9 million. Maybe you could shed some light on this.
Then the health insurance revenues were surprisingly strong, plus 8% year-on-year. Were there any special reasons for this? And then on FERI,
could you provide, please, the net flows in Q1 and also the performance fees?
Yes, that's it.
Question: Philipp HS¯ler - Pareto Securities, Research Division - Analyst
: Yes, at FERI and MLP, yes.
Question: Philipp HS¯ler - Pareto Securities, Research Division - Analyst
: Sorry, could you give the split between MLP and FERI, again?
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MAY 14, 2020 / 12:00PM, MLPG.DE - Q1 2020 MLP SE Earnings Call
Question: Andreas SchSfer - Bankhaus Lampe KG, Research Division - Analyst
: A couple of questions from my side. First, regarding your operating expenses, I mean, they went up 8% to EUR 70 million in Q1. Could you quantify
the impact of DEUTSCHLAND Immobilien in this figure?
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affiliated companies.
MAY 14, 2020 / 12:00PM, MLPG.DE - Q1 2020 MLP SE Earnings Call
Then the second question on old age provision. Boker new business went down, I think, some 5%, while commissions were up 4% year-on-year.
Has there been any sort of special impact in Q1, which has lifted the commission level?
And the question on your -- the development of your customer base. It's the first quarter, Q1 that your customers -- number of customers has not
really increased strongly. So is there also any negative impact from COVID-19 here?
And a question on FERI and your private equity investments. Do you expect some delayed, let's say, impairments or write-downs on your private
equity portfolio?
Question: Andreas SchSfer - Bankhaus Lampe KG, Research Division - Analyst
: Just one follow-up question if I may, regarding the expenses. So excluding DEUTCHSLAND Immobilien, they went up 6%. Is that some sort of run
rate for the full year as well?
Question: Philipp HS¯ler - Pareto Securities, Research Division - Analyst
: Yes. Philipp HS¯ler again. I have two more questions, if I may. Firstly, loans and mortgages, you gave only a neutral outlook. Maybe you could
explain why you are a little bit cautious on this and quite bullish on the real estate brokerage? I mean, the Bundesbank published strong figures
for Q1. New business mortgages up by 10%. So why are you relatively cautious for this? And then on the dividend, could you confirm that you will
pay the dividend so that there hasn't been any pressure from the regulator not to pay a dividend?
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